Top Gainers & Losers: Maruti Suzuki Leads Rally, Wednesday, April 29, 2026**

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Top Nifty 50 Gainers Today

• Maruti Suzuki: Up 4.34%
• ITC Ltd: Up 4.04%
• Tech Mahindra: Up 3.69%
• Reliance Industries: Up 3.0%

Top Nifty 50 Losers Today

• InterGlobe Aviation (IndiGo): Down 2.12%
• Dr. Reddy's Laboratories: Down 1.65%
• NTPC: Down 1.08%

Analysis: Reasons Behind the Moves

The Indian equity markets staged a significant rebound on Wednesday, primarily fueled by a robust start to the Q4 earnings season. Maruti Suzuki emerged as the top performer following its announcement of a record annual consolidated net profit for FY26 and the milestone of selling over 24 lakh units. Investor confidence was further bolstered by the company's aggressive capital expenditure plan of ₹14,000 crore for the upcoming fiscal year to expand manufacturing capacity.

ITC Ltd saw substantial buying interest following reports that the company might implement a price hike of up to 17% for its cigarette products in May to offset higher excise duties. The technology sector also provided support, with Tech Mahindra leading a 0.8% recovery in the Nifty IT index after a sharp decline in the previous session. Reliance Industries and Coal India also contributed to the rally, gaining 3% each as domestic institutional investors provided a cushion against continued foreign fund outflows.

On the losing side, InterGlobe Aviation (IndiGo) faced pressure as global crude oil prices surged to $115 per barrel amid stalled diplomatic talks and the UAE's announced exit from OPEC. This spike in fuel costs weighed heavily on the aviation sector. Dr. Reddy's Laboratories and NTPC also traded lower as investors engaged in profit-booking following the morning's sharp gap-up opening. Despite the positive close, market sentiment remained cautious due to a weakening rupee and geopolitical uncertainty in the Middle East.

TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers

Tags: ** Top Gainers Top Losers Nifty 50 Stock Market Market Movers